N.J. Stat. § 12A:7-505

Current through L. 2024, c. 80.

Section 12A:7-505 - Indorser not guarantor for other parties

The indorsement of a tangible document of title issued by a bailee does not make the indorser liable for any default by the bailee or previous indorsers.

N.J.S. § 12A:7-505

Amended by L., c. 65,s. 2, eff. 7/1/2013.

L.1961, c.120, s.7-505.